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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Yelp
Yelp (YELP) investor relations material
Yelp Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 net revenue was $370.9M, down 1% YoY; net income was $34.6M and adjusted EBITDA was $92.3M, down 6%.
AI-led products and data licensing supported strong other-revenue growth as challenging local-market conditions weighed on advertising.
Financial highlights
Q3 revenue was $1M above the high end of guidance; diluted EPS was $0.63 versus $0.61, while operating income was $48.9M versus $52.9M.
9M revenue was $1.108B versus $1.105B; net income was $83.9M versus $107.8M and adjusted EBITDA was $263.1M versus $283.5M.
9M operating cash flow was $233.6M and free cash flow was $190.8M, versus $287.5M and $251.4M, respectively.
Outlook and guidance
Q4 net revenue guidance is $347M-$352M; FY2026 guidance is $1.455B-$1.460B.
Q4 adjusted EBITDA guidance is $57M-$62M; FY2026 guidance narrowed to $320M-$325M.
Q4 expenses are expected to rise modestly, with investment focused on Hatch and Yelp Host; local ad-market challenges are expected to persist.
Other revenue target remains a $250M annual run rate by end-2028; Q3 run rate was $136M, up 82%. A $30.5M Q4 tax benefit is expected, with no adjusted EBITDA impact.
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Next Yelp earnings date
Q4 202611 Feb, 2027
Yelp
Next Yelp earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Yelp Inc. (Yelp), is a local-business review website that connects consumers with local businesses in the United States and internationally. Yelp provides reviews, free search through its local directory, and complimentary business profile pages for most of the commercial businesses listed on its platform (Yelp Business Pages). It offers its services through mobile applications for iOS and Android devices. Yelp also provides an order from business functionality to take or purchase products from restaurants and other companies. The company offers various advertising packages for business owners including Promoted Review Ads, Gift Certificates, and enhanced profile upgrades. Yelp Inc. was founded in 2004 and is headquartered in San Francisco, California.